2010-09-01
2010-09-30
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FOXNEWS 20
CSPAN 17
KQED (PBS) 17
MSNBC 17
WETA 10
KRCB (PBS) 9
CNN 8
WMPT (PBS) 8
WJLA 5
WMAR (ABC) 5
KNTV (NBC) 4
WUSA (CBS) 4
WJZ (CBS) 3
KGO (ABC) 2
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English 136

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, christina romer. >> there was chaos in pakistan this morning as an explosion is caught on camera right at the moment of impact. good friday morning, i'm chris jansing live from msnbc world headquarters in new york. we begin today with hurricane earl pushing 105-mile-an-hour winds and driving rain. and giving the northeast a beating. so let's tell you what's going on and how it might affect your labor day holiday plans. right now, earl is moving past the outer banks of north carolina and up the coast. it's still not clear just how close this storm will come to cape cod and the massachusetts coastline. take a look at nags head, north carolina, last night as the storm rolled through. while earl is now a category 2 storm there is still concern there could be power outages, damage and flooding. now let's take a look at those nasa images from space. they show just how big earl was at its peak t is still powerful enough to cause 30-foot waves and erode beaches. >> once it starts, you could sit here and watch and the boats are bouncing. >> we have reporters from kill devil hills, north carolin

peter orszag is gone. council of economic advisers chair christina romer is gone. >> the work that they do is difficult. they have been at it two years. >> only treasury secretary tim geithner remains and he is under fire. >> the economic team on the way out. >> five weeks before midterm elections. people are predicting big losses for democrats. the timing could not be more crucial. >>> the cia is intensifying missile attacks against militants in pakistan. they have heard of a new plan to target the multiple countries including the u.k., france, and germany. if 20 drawn strikes have been launched by the c.eia in the pat months. -- drone attacks. >>> 20 insurgents have been killed in a day of hard fighting. u.s. soldiers are now controlling is they had never been to before. commanders have taken away the homemade bombs from the taliban. >>> former alaska senator ted stevens will be laid to rest this afternoon at arlington national cemetery. the 86-year olds died last month in a plane crash in a remote part of alaska. four others were killed. four survived. he was the longest-se

. >> woodruff: and i'm judy woodruff. on the newshour tonight, christina romer, the outgoing head of the president's council of economic advisors, reacts to today's numbers, and we ask her about the administration's approach to the economy. >> lehrer: paul solman examines the rising number of burned out employees in the country who are doing more for less. >> we're working more but we're not seeing any rewards for that. it's very frustrating. >> woodruff: then, margaret warner in baghdad reports on iraqis' daily frustrations with an essential element of modern life-- electricity. >> lehrer: mark shields and david brooks give their analysis of the week's news. >> woodruff: and tom bearden, in morgan city, louisiana, looks at how even the b.p. oil spill couldn't stop the 75th annual shrimp and petroleum festival. despite a lot of concerns about the future, this town is ready to party. >> lehrer: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was m

of the president's inner circle to head for the exits this week with the recent departures of christina romer and peter orszad and the imminent decampment of chief of staff rahm emmanuel and david axelrod, a chief is under way at the white house. bill clinton is among those who believe the president still has to assert control over his biggest challenge, the economy. the former president sat down with my news however colleague judy woodruff this week. >> if this is a referendum on people's anger and apathy, our side stays home and their side, we don't do well f it's a choice between who's going to do what, we can do well. the president is out there now. and i think it's high time. and it's good, and it's good that he's taking some shots. that's what people want to see. they like to see their presidents get hit a little bit. gwen: and he would know. and does the white house subscribe, jackie, to this clinton principle that sometimes you got to take your hits? >> well, they would never admit that they subscribe to anything that's described as clinton's. but of course, the danger in that is you

. ♪ >> greta: more stimulus spending as christina romer steps down. that's what she is calling for. >> the only surefire ways for policy makers to increase aggregate demand in the short run or for the government to spend more and tax less. in my view we should be moving toward on both fronts. >> greta: can we spend our way out of this recession? writer for the "wall street journal" editorial page steve moore joins us. >> we certainly tried that. we've spent over two trillion since this recession started. we have racked up an enormous amount of debt. what was interesting about what christina romer said yesterday she almost threw up her hand and seemed like with it would work when we drew up -- drew it up on the blackboard and seemed utterly surprised. >> greta: the idea of doing it in a classroom is different than -- did she actually use a reference to the classroom that it looked okay is that how you are paraphrasing it? >> i'm paraphrasing. she did come up with the famous numbers that will keep unemployment less than 8%. >> greta: did she make any explanation as to why she predicted 8% and we

is happening, peter orszag is gone, the budget director. also, christina romer is also out. and now larry summers announcing today. senator, what does this mean? >> you know what, ed, i don't think it is particularly surprising. i know it is big news, but frankly, a year and three quarters in this presidency, it is not unusual that at this time, toward the end of this year, people start leaving. these are 24/7 jobs, tough jobs. so, i'm not particularly surprised that this president will retool now and bring in some new people, but today's announcement wasn't a particular surprise to me. >> it's no -- no correlation between a struggling committee? could this be a shift in direction on how to get the country back to where it needs to be? >> well, this may really try some new things with respect to the economy, but let me make a point. this economy wasn't brought downs to the knees overnight. i mean, this took a couple of terms of the bush administration to bring it to its niece and this president inherited the economy. everybody should remember. this the moment before he took off, this coun

. other members of the team peter orszag and christina romer are already gone. the senior adviser david axelrod will head home to chicago by spring. bill clinton changed chiefs of staff four times at different crisis points in his presidency. president george w. bush dumped donald rumsfeld from the pentagon after 2006 elections. all presidents have crisis points. president obama is in one leading up to the november elections, so the new team he builds will say a lot about the direction he wants to go in next year. bill plante, cbs news, the white house. >>> this morning on "the early show" a preview of the hottest toys for the holiday season. it's amazing we are already talking about the holiday season. i'm terrell brown. this is the "cbs morning news." [ male announcer ] the new subway flatbread breakfast sandwiches! like the new double bacon & cheese omelet sandwich! they're all new. toasty, tasty, and made to your order. so come and build your better breakfast today, at subway! no pills, no pain. how can you get pain relief without taking pills around the clock? try thermacare heatwr

of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the policies that will get us back into a mess, then i think democrats will do very well. >> reporter: business groups say administration policies are adding to the economic mess. u.s. chamber of commerce chief economist martin regalia points to health care, financial regulation, and tax policy-- areas where he says the obama administration is increasing cost and uncertainty. >> the bottom line is you get subpar growth

in a matter of months. the budget director, peter orszag, stepped down in july. christina romer went earlier this month. the highest profile remaining member of the team is treasury secretary geithner. some are asking if he will be the fall guy. >> joining me now is our economics editor. why do you think larry summers is gone? >> many people thought he would go by the end of this year. if he did not, he would have to reapply for his place as a professor at harvard. there's the much desired tenure at harvard. it seems clear that he did ask the president if he could leave one year ago. he did originally planned to stay one year. he was persuaded to stay one more year. >> was he being listened to in the white house? there was this debate over policy. sometimes he felt left out. >> he's a man of very strong opinions. if he is up against a lot of people, sometimes he will lose arguments. i'm sure he would have expected to have lost some battles. he was a driving intellectual force. people knew they have to take him on in getting their views through to the president. he was quite a key figure. the

economists already on the council. he will replace christina romer, who left the administration last week to return to our university teaching position. >>> there is a possibility the pentagon may be barred from pushing its long controversial of don't ask don't tell policy. it was ruled it was unconstitutional and violates the constitutional rights of those in it -- individuals. government lawyers claim they lack the authority to issue it. >>> 50 residents were hurt when a massive fireball destroyed more than 30 homes in the sand francisco suburb of san bruno. authorities a ruptured gas line was to blame, but they cannot continue their investigation until lingering hot spots cool off in the neighborhood. >>> still to come, remembering 9/11. the events held today to honor lives lost on that tragic day. >>> a proposal to crack down on a string of violent robberies in college park. >> here is the best wireless carrier? we have the results of a new survey. >> skies will clear in the evening hours, and the chance for some rain in the upcoming weekend. a look at the forecast is coming up. a loo

a trillion, as did christina romer. that was not larry summers fault. larry summers is brilliant, and unfair to look at what happened to that stimulous program, which was politicized to such an extraordinary degree by the congress and by the white house. that's why that program was not nearly as effective as it should have been. as far as rahm emanuel, there is going to be an opportunity that nobody expected, which is that mayor daly would be the mayor obligation, of course. >> summers just got back from a trip to beijing and he saw bau over there and he tried to get him to monitor his money the proper way, instead of what he is doing with it. and that didn't work. do you think there's any connection between that failure to get one -- in fact the president himself met with him. do you want to talk about that? >> the main issue here as far as we are concerned, the united states economy is concerned is that the yen is kept at an artificially low level. >> what does that do to us? >> what that means is their exports are more competitive and our exports are less competitive in china. what th

. and christina romer leaving the economic team. to me it suggests there's dissention at the top. you stay when it is fun, having success if it stars to look bad everyone jumps ship. >> the president was elected in part, heavily, i think on anxieties about the economy. remember, the election was a month after the collapse. and yet, the first year or more of this administration was consumed by this health care question. and the truth is, they haven't given the economy the priority attention that it deserves that i think any other wise administration would have given it. you are seeing it in behavior of his top economic advisers. they don't agree, they don't seem to be reading off the same page. they don't seem to have a cohesive vision of what recovery should look like. >> greta: how much is legitimate economic planning that the president truly believes this or peter orszag truly believes it and how much of it is political, trying to divide the upper 2% from the rest of the population? in 1992 when president clinton who had a wonderful year as economic leader of this country, he said the rich ne

, the budget director and christina romer who chaired counsel of economic advisors. >> bret: mike emanuel live on the north lawn. thank you. let's get more on the president's economic team and the politics of the economy. from senior political analyst brit hume. good evening, brit. >> hi, bret. president obama suggesting that that town hall meeting monday, the top members of the economic team might be leaving was followed by comments from the press secretary today that did nothing to dispel the impression and then came the summers announcement. it makes sense. his original chief economic advisor as mentioned, christina romer left after a rocky tenure, among other things she claimed that passing the stimulus spinfest would host jobless rate at 8%. the economic research, official judge of such matters now says the recession has been over since june of last year. if that's true, it means the recession ended before the stimulus could even take effect. political terms, though, the recession is not over. and will not be until the unemployment rate starts coming down and rapidly. which means the stim

with one of the president's top economic advisers, dr. christina romer is going to be joining us. she is actually the outgoing chair of the president's council of economic advisers. she will be heading back to uc berkeley to teach. she will talk to us before she goes talking about the new government numbers, jobless numbers. she's coming your way in a bit. a remind earp the president, we're expecting him to make comments about the jobless numbers and the economy. there's a accepsense of relief. an oil platform fire turned out to be far less serious -- far, far less serious -- than anything like the bp oil disaster. the fire broke out just 200 miles west of the oil rig explosion that led to the bp oil spill. that fire, you're seeing some of the pictures here, put out quickly despite the early reports, no oil was spilled. the platform owned by mariner energy, all 13 crew members aboard. they jumped into the water. they had their survival gear with them. none of them had serious injuries. no word yet. again, you see the picture of them in the water. they were rescued. no word on the caus

, will leave at the end of the year. this follows the departure of budget director peter orszag and christina romer, head of the council of economic advisors. still ahead on the "cbs evening news"... do you think situation in this country would be different if your wife had been elected instead? but up next, giving teachers report cards and posting them online. they don't like it one bit. seventh leading cause of death and affects more than 5 million americans. the alzheimer's association is taking action, and has been a part of every major advancement. but we won't rest until we have a cure. you have dreams... help the alzheimer's association protect them. act now, go to alz.org. >> couric: states allow student test scores to be used to judge how well their teachers are doing. in los angeles, evaluations of teachers are posted online and they're not happy about it. as ben tracy reports in our continuing series "reading, writing, and reform." >> reporter: these teachers if los angeles feel picked on, singled out, and accused of not being good enough. >> it is unfair! >> when did we become the

's the third big player. peter orszag, christina romer, now summers have all gone. white house officials tell me somers' position will not be filled until after the election. but this is not the only change in the white house. very possible maybe even likely that ram emanuel will run for mayor of chicago. there is likely to be changes in the communications and political team as the re-election approaches so, i would expect a significant reorganization, after the election. now, that is not all that uncommon. >> but not easy to do. >> reporter: not easy to do at all, absolutely. >> let's talk about former president clinton's advice to president obama, is he going to take it? >> reporter: i think he may. white house aides say the president has already taken a piece of that advice. to go out on the trail and really talk about the choice between republican and democratic politics. it is true that president clinton and the first lady are more popular than the president, but what white house aides say president obama is more popular than republicans. i have to say, they were intrigued by that last p

director larry summers leaving, peter orzak gone. council of economic advisors chair christina romer, gone. >> this is tough the work they've do. >> reporter: only treasury secretary tim geithner remains and he's under fire. >> president obama should ask for and accept the resignations of the remaining members of his economic team starting with secretary geithner. >> reporter: the president is reshaping his white house team with five weeks to go before mid-term elections and pollsters predicting big losses for democrats. the timing could hardly be more crucial. john hendren, abc news, washington. >>> it looks like the recession may have taken a dramatic toll on marriage in america. census bureau numbers show that the percentage of people 18 and older who decided to get married last year was at the lowest point since the government began tracking the data over 100 years ago. >>> democracy 2010 tonight -- president obama is trying to rekindle some of his 2008 campaign magic on college campuses and in his backyard visits. the two set strategies play out in four states today. just five weeks a

orzag gone already and christina romer is also gone. >>> equal pay for equal work. a mantra that for decades has been part of the american dream but a report released today in washington shows that closing the waging gap between men and women still has a long way to go. here's abc's tj winick. >> reporter: this was the less than enthusiastic assessment of one expert on women in the workplace. >> women are stuck. despite decades of efforts to create opportunities for advancement, deep inequities persist. >> reporter: exhibit a, the pay gap. according to a new report by the government accountability office it narrowed by two cents from 2000 to 2007, female managers now earning 81 cents for every male counter part's dollar. that is compared to 79 cents before 2000. >> more women are gaining education, we're closing the education gap but not closing the pay gap. >> reporter: while having children contributes somewhat to the discrepancy childless women still make less than men and researchers can't figure out exactly why. >> prejudices that exist are based on ideas that we had fr

as chairman of his council of economic advisers replacing christina romer who left the administration last week to return to teaching. >>> finally a disappointed romanian lawmaker who drafted a proposal to tax witches and fortune tellers claimed lawmakers were frightened into rejecting the tax because they were afraid of being cursed. >>> tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. plus the saints come marching into the new nfl season with a win over the vikings. your "first look" at sports is straight ahead. you took my eggs ! it's an "egg management fee." what does that even mean ? egg management fee. even kids know it's wrong to take other people's stuff. that's why at ally bank we offer rates among the most competitive in the country that won't get eaten away by fees. it's just the right thing to do. i but i justve my 5 employcan't afford it.ance, i have diabetes. i didn't miss a premium payment for 10 years. and i'm worried if i lose my job, i won't be able to afford insurance. when i graduated from college, i lost my health insurance. the mi

, christina romer, outgoing chair of the president's council of economic advisers, will speak about the obama administration's economic policies. you can see that live on the national press club. underway right now on c-span2, the financial crisis inquiry commission is continuing its investigation into the 2008 collapse of the financial industry. witnesses today include the former ceo of lehman brothers, whose firm into bankruptcy and 2008, and the former ceo of wachovia. that is live now on c-span2. as the 2010 midterm elections approach, c-span is bringing you events from key races across the country. tonight at 10:00 eastern, california senator barbara boxer and republican candidate carly fiorina take part in the first debate from its st. mary's college. this race is rated a toss up. watch live coverage tonight on c-span at 10:00 eastern. while away on vacation, the obamas had the overall office -- the oval office for a mode-- ovl office remodeled. highlights of the changes are new and upholstered furniture and a new rug. we recently spent time with president obama in the oval office befor

the departure of former budget director peter orszag and of christina romer, the former chair of economic advisers. now only tim geithner remains in place from that original core. meanwhile, it's the administration looking for ways to jump-start the economy and a new reuters poll shows 68% of americans believes lowering taxes will create jobs in the country and 68% say reducing the deficit will help. >>> president obama heads to new york this afternoon to speak at a development summit at the united nations. tomorrow he'll speak to the general assembly where administration officials say he'll walk a fine line on iran in a broad-based foreign policy speech. yesterday, iranian president mahmoud ahmadinejad warned an attack on his country's nuclear facilities would spark a war that would "know no limits" and also weighed in on capitalism saying it's on the verge of death and that it's time for a new economic system and he is just getting going. he speaks at the general assembly tomorrow. >>> eight city officials of the blue collar suburb of bell, california, are scheduled to be arraigned in c

. which is why obama economic adviser christina romer says there is no evidence of a massive skills mismatch. >> this is not the new normal. it's the old cyclical. that we are still in the middle of a recession. we still have not enough demand for a normal level of output, and that's the fundamental reason unemployment is high. >> reporter: but don't tell that to drew greenblatt. he just spent $700,000 on new equipment-- there's just one thing missing. >> we're standing adjacent to five robots that are not running right now. and they're not running right now because i don't have enough smart people like them to set them up right now. >> reporter: darren gersh, "nightly business report," baltimore. >> tom: here are the stories in tonight's n.b.r. newswheel: that employment news led to higher stock prices on wall street. the dow rose nearly 128 points, the nasdaq added almost 34 and the s&p 500 up 14 points. trading volumes were very similar to yesterday's pace. 946 million shares on the big board. 1.7 billion on the nasdaq. b.p. has removed the blowout preventer that didn't stop oil

, replacing christina romer, who left the administration last week to return to teaching. >> and, finally, a disappointed romanian lawmaker, who drafted a proposal to tax witches and fortune tellers, claims lawmakers were frightened into rejecting the tax because they were afraid of being cursed. you don't hear that every day. >>> well, tom brady takes a hit, home run leaders add to their totals, and a rare steal of home. >>> plus, the saints come marching into the new nfl season with a win over the vikings. your early morning sports headlines are straight ahead. >>> and we're watching some rain for the weekend. your regional forecast is coming up. you're watching "early today." for those of us who have lactose intolerance, let's raise a glass to cookies just out of the oven. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-free milk. host: could switching to geico realis a bird in the handre on and vworth 2 in the bush?milk. appraiser: well you rarely see them

. speaking to the national press club, christina romer called for more spending, and, then also called for lower taxes. not sure how you do that, in other words, another round of stimulus, to boost the struggling economy. and listen to this: >> the only surefire ways for policymakers to substantial increase aggregate demand in the short run is for the governments to spend more and tax less and in my view we should be moving forwards on both fronts. martha: a lot of questions about how you do that. we'll talk with steve forbes and ask him about what his takeaway was from what she said in her departing address there. on the economy. bill: that is interesting and, get your tax refund back on plastic, the idea behind a new pilot program from the treasury department, starting next year they'll issue debit cards to give people without bank accounts faster access to their refunds and the program will be offered to several hundred thousand americans and the program could be implemented for the 9 million u.s. households who do not have a bank accounts. martha: a show of support for the building

or what. >> reporter: yeah. megyn: now those on the left, even christina romer came out and admitted that the stimulus hasn't exactly done what we wanted it to do. >> reporter: no. megyn: we were right, see we need another trillion dollar stimulus. but it's too late for the president politically. >> reporter: it's going to be even tougher if the republicans pick up seats which they are likely to do. that's why he tried to do as much as he could do in the first 18 months of his presidency. it is a political issue. unfortunately policy is often a slave to what you need to do politically it would have been a lot better to have a bigger stimulus. megyn: how do we get out of this jam if he can't do what he thinks he needs to do. >> reporter: speak and educate the american people about how bad things would have been, it's a hard sell without the stimulus. megyn: he's been doing that for months. >> reporter: not really, to some extent. many economists believe we would be in a lot worst shape had there not been a stimulus. megyn: i understand your message. you see the poll numbers, he's been

%. they have promised it would stay below%. >> huge error and it would l. haunt christina romer for the rest of her life coming out and give that statistic. what is interesting here is precisely the fact that unemployment is still high and spent so much money. voters sensed this even before the obama administration did. to say this amount of money being spent what's happening in the economy is isn't enough to give us the kind of recovery we are looking for. unemployment is stillize and rising. finally when you talk to a lot of economists say this is more of the kind of targeted method that wield like to see from the first -- >> why didn't they pass it the first time around. >> now that they are ready to acknowledge recovery summer isn't what they hoped one is despite the big figures we are throwing around, a lot of folks say this isn't big enough given the scope. that's one view. if you are a democrat right now and you know it's not going to pass, come out with some huge measure to grab headlines and say look we know how bad the economy is, we are going to do it all right away. that's one st

christina romer before that and others. >> they're bailing because it's going badly. >> reporter: in the midst of that, the president has to finds economic advisor and with the economy struggling for air, many want him to choose someone from the business community. >> he probably needs somebody in the white house with credibility with the business community to influence policies as well. >> the congress is clamoring for people with experience. real-life experience is key to this president, i believe, understanding the way things really are. >> possible replacements include richard parsons, former ceo of time warner and chairman of citigroup and former xerox ceo. but would new advisors make any difference in policy? >> at the end of the day, are the changes going to cause the president to move to the center or to stay where he is on the more liberal wing of the democratic party? >> reporter: when bill clinton faced republican congress he pivoted and said the era of big government is over. even if republicans win the house, president obama seems intent on restoring the era of big g

office of lehman brothers. here on c-span, christina romer will be at the council of economic advisers to talk about the economy. >> then live coverage of a debate barbara boxer and fiorin a. >> now house minority leader john boehner at the american legion national convention in milwaukee, he criticized obama for claiming credit for a success built on a troop strategy that the president originally opposed. this is a little less than a half-hour. >> i want to thank the american legion for supporting our troops where ever they are stationed and caring for them when they come home. it is truly hero's work, and i snow i spoke on bea behalf of all of the united states congress when i say to all of you, thank you. i also want to glate commander hill and the hundreds of bikers who participated in yet another successful legacy run. all told you raised more than $360,000 for families of service members who have fallen in the line in the years following the terrorist attacks of september 11, 2001. your efforts serve as a reminder of our shared resolve as a country to never forget 9/11 and keep p

, the president is staying within his inner circle to replace christina romer. are yosurprised? is it going to change anything for us? >> i don't think it's going to change. summers is the point man on economics an goolsbee is in economics. they won't look to him for new ideas. the "new york times" wants a liberal agenda. goolsbee will paint this to last the election, but unl there is a change in the political side, that is, the people who advise the president politically, there won't be changes in what this administration does. >> what's the buzz about martin goolsbee? >> i think peter is right. we're not gocoing to see a chan in economic policy. thic're folling through on econom policies. what's amazing, ali, that's where the president's approval rating, which is now about 50% in a cnn research opinion poll, but of course has dipped below that, the presidente hasn't don anything he didn't tell people he was going to do back on theg campaign trailn 2007-2008. the problem is the economy is in the tank and we have a lotop o people unemployed. >> you hit on something very interesting, diane.

. they lost christina romer, but i don't thing they are looking at those qualities to the exclusion of all others. it's something that is perhaps a plus factor, make somebody particularly attractive. i don't get the feeling it's -- without that person -- they have to have the qualities and it's a deal breaker. we'll see what they do there. >> one other point is the senate adjourned without confirming the budget director. he is coming over from the state department, a big loss for hillary clinton to lose him. now they've got to start the new budget cycle, don't have a budget director. he does not want a recess appointment i'm told. does not want to leave a confirmed position for a shorter term as budget director. but it's a huge job. a big policy position unfilled. >> reporter: right, and because senator mary landrieu, a democrat, put a hold on this nomination because she's upset about the continued moratorium on deep water offshore drilling off the gulf, she says it's bad for business and hurting the economy in the gulf. that's the issue there. whether they can somehow come to a resolution

fall by the christina romer wayside. but i think that's why it's important as marcie wheeler noted today, that people who care about this commission, stay vocal and really engage and make sure they support warren because this only happened because the base made noise and she's only going to continue to have power if they continue to make noise. >> you have to give the president credit though, right? because he did pick her at least to start the agency. >> absolutely. he could be setting the ground work for a really wonderful, you know, opportunity for her to go in and really fashion this. in a functional way. and we hope that's what happens. i think the best chances of insuring that are if the people stay vocal about it and make sure they support her. >> on the next issue, the president goes the other way. oba obama's mocking the left. last night, he poked fun at the nay sayers at a fund raising event event in connecticut saying -- that's a good one. obama. the president is obviously frustrated with those who believed him. last month, robert gibbs came under fire for lashing out ag

for the outgoing head of mr. obama's economic team. economist austin goolsby is taking over from christina romer. >>> president obama will make an announcement later this morning at 11:00. you can see that here on fox 5. >> reporter: want to go green but think it is too expensive in a local business is helping consumers buy things that are good for the environment and for their wallet. >>> we'll check in with you a little later, melanie. we'll take a look at the roads with julie and tony has a forecast. enjoy another beautiful day but he says some changes are headed our way. dasou tsaksgo t any vacation we want? with our chase ultimate rewards, we can go anywhere. how about snorkeling? how about camping? welcome to ultimate rewards. maybe skiing? the rewards program that lets you go anywhere... let's go there. anytime. no black outs. no restrictions on airfare and hotels. ultimate rewards is available on chase credit, debit and business cards. chase what matters. spar. >>> celebrities from all walk of life are getting together to take a dramatic stand against cancer. >> today's telecast w

economic adviser christina romer discusses economic stimulus. later, live coverage of the california senate election debates between barbara boxer and carly fiorina. >> in baghdad today, the defense department held a ceremony to mark the formal end of operation iraqi freedom. speaking at the ceremony, a vice president joe biden, defense secretary robert gates, and the outgoing commander of u.s. troops in iraq. this is 40 minutes. >> thankk you. >> ladies and gentlemen, the last several years, every time i have been in this old palace, am here, i can't but help think of the irony that we are here today occupying a palace for a noble reason that was once occupied by saddam hussein. secretary gates, admiral mullen, general mattis, general odierno, general austin, ambassador jeffrey, our distinguished and honored iraqi leaders and military, it's an honor to be with you today. it's an honor to be joined by such a distinguished group of americans and iraqi commanders and civilian leaders bound together, i might add -- as a nation, we are now bound together as well by years of shared struggle and

team. this week christina romer returned to berkeley after a tireless, outstanding tenure as chair of the council of economic advisors. christina is brilliant, she's dedicated and she was part of the team that helped save this country from a depression. so, we're going to miss her dearly. but today i'm happy to announce austan goolsbee as her replacement. austan has been one of my good friends and close economic advisors for many years. one of the finest economists in the country and he's worked as a member of the council of economic advisors since we arrived here in washington. he's not just a brilliant economist, he's someone who has a deep appreciation of how the economy affects everyday people and he talks about it in a way that is easily understood. he knows and works with the rest of the team very well. i have complete confidence that he will do an outstanding job as cea chair. and, finally, tomorrow we will commemorate not only the heartbreak of september 11th, but also the valus and resilient spirit of america. both michelle and i will be joining our fellow citizens and rem

around here, the answer is "absolutely." >> sreenivasan: earlier this month, christina romer stepped down as head of the president's council of economic advisers. on wall street today, the dow jones industrial average gained more than seven points to close at 10,761. the nasdaq fell six points to close above 2349. those are some of the day's major stories. now, back to gwen. >> ifill: next, what happens when the person behind the wheel is doing more than just driving. judy woodruff begins with some background. >> woodruff: on almost any street or highway, you can spot them. >> hey, what's up. >> woodruff: drivers talking, texting, doing almost anything except concentrating on the lanes in front of them. conservative estimates say at any given moment about a million people are behind the wheel of a moving vehicle talking on the phone. and of that number, about one in four also text. last year as national attention was drawn to nearly 5,000 related accidents, ray suarez got a sense of just how difficult it can be to multi-task while driving. you should be able to see far enough ahead just b

as a political one. >> is there any daylight in what christina romer said today, her comment is certainly that she urged more stimulus, finish the job of economic recovery by pumping more character into the economy. is there any daylight between what she said and what gibbs said today? >> well, gib rk, gibbs was aske this directly, and i think romer said this is not my father's recession. and she said the way out of it is more spending and also more tax cuts. i think what robert gibbs was saying today is that you're not going to see a stimulus plan on the order of what he saw in the $780 billion spending plan. a payroll tax holiday or infrastructure spending, she's saying you got to do some spending and you got to do some tax spending. >> nbc's savannah guthrie. thanks so much. >>> and a police news conference is about an hour away in silver spring, maryland as chilling new details now emerge about the gunman at the discovery channel building outside washington, d.c. officials in montgomery county, maryland now say 43-year-old james lieber repeatedly told them he was prepared to die. he w

to step down. there you see them, budget director pete orzag and christina romer and we're joined now by the host of msnbc "dillon ratgon show." you have been talking about it all morning. what does it mean as we talk about the big advisors from main street? >> this is the most significant change in the economic team of this president since he was elected by this much. lara summers is one of the key people going back to the clinton administration who conceived the idea that the economy would function better if you made it possible for banks to access the pension funds and savings for the middleclass and instead of investing that in the country use that to create debt and credit for poor people. so, the idea was, we'll take the pensions of the americans, the teachers, the judges, all this sg. >> all the states across the country. >> and we'll take that money and make it into credit card loans and home loans and this comes out of in 1999. that's the president financial markets and that's when the decisions were made for all the things we talked about since then. larry summers is central

'm curious, eleanor, it's the people around the president that have failed him perhaps. christina romer, one of the top economic advises stepping down, two months until lelection day. do you think it's president's inner circle failed him? why weren't there other solutions out there months ago? >> i think a president has limited tools in a market-based economy to create jobs and he has put forward some legislative plans, i think they were not big enough and bold enough to match the scale of the crisis and new proposals coming up, many of them designed to win republican votes when it looks as though the republicans may not go along even with proposals they favor because they don't want to muddy the picture of a president who has failed to turn around the economy at a time when they have a chance to perhaps win back control on criminal. what the president can do, though, is he can put forth a clearer economic vision and he can spur american creativity and innovation. i just got back from china, beijing, shanghai, and there are no global warming deniers over and and they are going gang busters o

. what is your view? >> peter orzag, the budget chief who is leaving and also dr. christina romer, as you pointed out, who heads up his-- is the chairman of his council of economic advisors, have bog, isly said raising taxes at this point isn't helpful. and where i disagree with the president is the notion of somehow not extending the '01, and '03 tax cuts for everybody along the line. the president is basically saying, we're going to do the class envy play. and i say, ultimately, you know, you look at 94% of small businesses that file under the individual tax rate, this is going to have an adverse impact on them. i just don't think the president's approach so far has created environment where companies want to get in and invest. and i think he would be well served and we all would be well served if he changed his position and said we're going to extend those and make those more predictable for everybody. >> ifill: what peter orzag said is they should be extended for two years and then ended? >> that's right. >> ifill: the president has also proposed kind of a-- they're not using the word

christina romer, who left the administration last week to return to teaching at the university of california, berkeley. stocks finished slightly higher on wall street today. the dow jones industrial average gained more than 47 points to close above 10,462. the nasdaq rose six points to close at 2,242. for the week, the dow gained nearly half a percent; the nasdaq rose more than two-tenths of a percent. those are some of the day's major stories. now, back to jim. >> lehrer: and picking up on what the president discussed today, jeffrey brown has our own 9/11 conversation. >> brown: nine years later, and very suddenly and very loudly, a new national conversation has grown around questions of tolerance, trust, and religious and cultural values. we get four voices on these matters. the reverend janet vincent is rector of st. columba's episcopal church in washington, d.c. nine years ago, she ministered to rescuers, workers, and families of those killed at the site of the world trade center. bishop harry jackson is pastor of hope christian church in beltsville, maryland. hibooks include "personal f

before the election instead of after the election. that's the stunner for me. larry summers, christina romer -- what's her -- >> romer. >> romer. rahm emanuel, it's amazing. >> well, rahm emanuel's leaving because of the filing deadline. got to get petitions in chicago. you both know rahm well, both know the pressures the white house chief of staff face. i'm going to go the republican first, mare matalin. you've been through this. rahm emanuel's only be there 20 months. what is the pressure on the job and what does this president need right now? >> rahm, i like rahm. he is not an ideological progressive, he's a practical politician, which we will see in his mayoral run in chicago. ic he was a first rate chief of staff, had a few bobbles, and he knows what they were. but that's a very critical job, and i don't think they can just have a coasting guy. they got to have somebody as strong as rahm, because this president needs it. he's got to navigate a lot of tricky waters. >> so, james carville, you're not volunteering for the job, i don't think. so who's your recommendation? >> no, i don

the economy. christina romer, the president's top economic adviser leaving the white house, suggested there should be additional stimulus as she was leaving. tax breaks but additional infrastructure spending. does the president think in retrospect that he did too little to jump-start the economy? >> i don't think so. and listen. you mentioned at the top of your show, the president will unveil more proposals this week to help the economy and i think they'll look at everything they can because this is a crisis out there for the american people. no. listen. it's very clear. economists who looked at this said this recovery act added over 3 million jobs. 22 straight months of private sector job loss. eight straight months of private sector job creation. recovery played a big role. we would have been unemployment rate probably in the high teens. some economists say over 20%. by the way, the recovery act that republicans are attacking, if they had their way, we wouldn't have done anything like that. we probably would have unemployment rate if the republican ideas and policies had been in pla

announcement, replacing christina romer. >> that is not the news of the day but it's all over the place. perhaps a question or two about the pastor, about the issue of islam-ophobia and taken hold and we have the midterm elections, debate of tax cuts and the economy. so, there's a lot that the president has to deal with. i think what will be fascinating to see is does he use this as a moment to sort of try to not just sum up the presidency but sell it as a presidency of change at a time when voters really want a lot of change and not happy with what's going on here? >> another opportunity to try to break through with the economic argument but as usual events can conspire against them. the news conferences tend to be a grab bag and a lot of issues, not least of which is a potential shake-up inside the white house, whether or not rahm emanuel will run for chicago mayor. >> it does seem as if the president did give some space, one thing he did accomplish this week, probably hasn't moved the ball forward on the economy, struggling to get the arms around the pastor story and might have given

that says something. >> christina romer, the council of economic advisors chair now summers returning to harvard. what harvard told us is essentially summers had two years to maintain his tenured position at harvard and then he had to come back and so he will be there for next semester. >> shepard: i wonder if john boehner will take credit or blame. >> he did blast president obama's economic team and said they needed to be replaced base their policies is not working. obviously the white house is not going to say john boehner's idea this is why these people are leaving it does give president obama a chance to pivot to say we have three new members of the economic team. brand new ideas, frederick energy, we're going to try some new things in the years ahead, shep. >> shepard: mike emanuel. thanks. a warning from researchers who say alzheimer's and other forms of dementia posed greatest health crisis. alzheimer's disease international. the global cost of dementia will top $600 billion it reports. that's equivalent to about 1% of the world's gross domestic product. cost also skyrocket as

of christina romer who left this last week. do you credit his advisers with that or his advisers could have done better? >> in the book i'm actually pretty tough on some of the economic advice he got and having too narrow a circle of folks. i think he should have been tougher on the banks early on and not just done some things to restructure the banking sector but to push them to give more credit to small business. >> he did not do that because of the advisers if. >> well no. he's not just a prisoner of his advisers. he made a decision based partly on their advice that banks were too brittle to be that tough on them, that if we had been and the whole banking system had collapsed, as it was in danger of doing, we would have had a depression. what you have here is a certain amount of amnesia on the part of some folks in not, you know, not looking at the fuller picture of where our economy has been. if you have close to 10% unemployment, whoever is in office is going to pay the price. you know who else was at 41%? ronald reagan, 1982/ '83. they were in the midst of a deep recession and that is

be heading back to harvard and after the former budget director peter oorzag and christina romer both stepped down, that leaves just treasury secretary tim geithner. will the shakeup of this economic team lead to turmoil or is it an opportunity. i'm joined by john harwood and political writer for "the new york times." so, here we are, john, unemployment at 9.6% and voters look at the polls or go to your town hall and voters deeply unhappy with what's happening. summers was the chief arct tect of the stimulus plan and was this an opportunity for the president or is this turmoil? >> well, i think it's an opportunity for the president, chris, not necessarily to change course because i don't think that's his intention. i think he remain s insinth wit larry summers and it gives him an opportunity to have a new face on his economic team and perhaps to address some of the criticism that he doesn't have people with real world business experience. you could potentially have a former ceo come in and do that job. you can also go with an economist which is conventional thing to do or even with the policy

and budget. christina romer. now larry summers have all gone. white house officials tell me summers' position will not be filled until after the election. but this is not the only change in the white house. very possible, maybe likely, rahm emanuel, the chief of staff, will run for mayor of chicago. there is likely to be changes in the communication and political team as the re-election approaches. i think you would expect a significant reorganization after the election. now, that is not all that uncommon. >> that again abc's george stephanopoulos. just last month the top house republican, john boehner, demanded the president fire his economic team. we'll get much more political insight this morning from the white house on "good morning america." >>> here's a look at your wednesday weather. hail and gusty winds in omaha, sioux falls and des moines. up to 6 inches of rain and flash flooding in the dakotas and minnesota. showers from indianapolis to new england. heavy rain in the four corners of the southwest. showers and thunderstorms in south texas. >> 90 in dallas. 86 in kansas city. 67 in m

. >> robert, a question about christina romer's remark yesterday. i have it in front of me. substantially increase aggregate demand in the short run are for the government to spend more and tax less. in my view, we should be moving forward on both fronts. that sounds like setting the stage for a second stimulus. >> let me be somewhat broad in my answer. let's go back to, well, both what the president said and what i said on monday, and i think the actions and the steps of this administration has taken over the course of the past two years, first and foremost, the president and team are looking at ideas, and he numerated -- enumerated some of those parameters including infrastructure. and certainly in terms of cutting taxes, there's a bill pending before the united states senate that you've heard the president speak on many occasions that would, indeed, cut taxes on small business. i think if you look at, if the you go back to a year ago, outside of the recovery act we pursued and the president signed legislation that enabled cash for clunkers. the president spoke in december of last year

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